Comments on the NMC saga & recommendations, FT, 17 Apr 2020

Dr. Nasser Saidi commented on the ongoing NMC Health saga, with recommendations for the regulator in the FT article titled “NMC scandal proves a boon for global advisers” published on 17th April 2020.
The full article can be accessed at: https://www.ft.com/content/edf10938-7500-11ea-90ce-5fb6c07a27f2
 
The comment is posted below:
To bolster local ability to handle such crises, Nasser Saidi, a governance consultant, says the financial regulator’s powers could be expanded into a supervisory body to screen regional companies seeking to list abroad. He also believes that a UAE version of the UK’s Companies House — providing information on corporate ownership and financials to the public — would benefit transparency.

 




Comments on the NMC saga & Gulf firms IPO plans, Bloomberg, 9 Mar 2020

Dr. Nasser Saidi commented on the ongoing NMC Health saga & Gulf firms IPO plans is part of the article titled “Oil price war, coronavirus see Gulf firms reconsider IPO plans” published by Bloomberg on 9th March 2020.
The full article can be accessed at: https://www.bloomberg.com/news/articles/2020-03-09/want-to-make-a-gulf-dealmaker-laugh-ask-when-is-the-next-ipo
 
The comment is posted below:
“When big prominent firms like NMC falter where standards were not respected, maintained and monitored, they generate reputational problems for not just the UAE but the whole of the Middle East region,” said Nasser Saidi, the former chief economist of Dubai’s financial centre.